Puffer, a liquidity re-pledge agreement, announced on Tuesday that it has raised $18 million in round A financing. The round was led by Brevan Howard Digital and Electric Capital, with investors including Coinbase Ventures, Kraken Ventures, Lemniscap, Franklin Templeton, Fidelity, Mechanism, Lightspeed Faction, Consensys, Animoca, and GSR. The new funds will be used to help launch Puffer's mainnet. Previously, Puffer raised $5.5 million in a round of financing led by Lemniscap and Lightspeed Faction.

Puffer Finance posted on social media that Puffer's public testnet is now live.